Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 8,394 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,728 shares of the restaurant operator's stock after selling 8,394 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Chipotle Mexican Grill were worth $17,471,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMG. Ethos Financial Group LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC boosted its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares during the period. Truvestments Capital LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $37,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $45,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $50,000. Institutional investors and hedge funds own 91.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.67.

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Chipotle Mexican Grill Stock Down 0.2 %

Chipotle Mexican Grill stock traded down $0.11 on Tuesday, hitting $49.49. The company's stock had a trading volume of 11,348,955 shares, compared to its average volume of 13,047,992. The company has a fifty day moving average price of $54.40 and a 200-day moving average price of $57.70. The firm has a market cap of $67.08 billion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.